﻿<?xml version="1.0" encoding="utf-8"?><rss version="2.0" xmlns:media="http://search.yahoo.com/mrss/"><channel><title>Cision News</title><link>https://news.cision.com</link><description>Cision is the leading global provider of media research, distribution, monitoring and evaluation services. With over 40 locations throughout the world, Cision provides the insight, expertise and intelligence that improve performance and build reputations.</description><pubDate>Tue, 09 Jun 2026 09:04:29 GMT</pubDate><image><title>Cision News</title><width>146</width><height>60</height><link>https://news.cision.com</link><url>https://news.cision.com/Content/img/news-logo.png</url></image><item><title>PA Resources has executed a sale and purchase agreement with ETAP, the Tunisian national oil company</title><link>http://news.cision.com/pa-resources-ab/r/pa-resources-has-executed-a-sale-and-purchase-agreement-with-etap--the-tunisian-national-oil-company,c2005173</link><guid isPermaLink="false">cision2199926</guid><description><![CDATA[PA Resources AB (“the Company”) is pleased to announce that its wholly owned subsidiaries, PA Resources Tunisia Limited, Hydrocarbures Tunisie Didon Limited, Hydrocarbures Didon Jersey Limited and Hydrocarbures Tunisie Corporation, have executed a sale and purchase agreement with ETAP, The Tunisian national oil company, to sell their entire licence interests onshore and offshore Tunisia, to ETAP.

The sale is subject to customary government consents but the Company does not anticipate any issues given the identity of the buyer.

The consideration for the sales is cash and the amount is]]></description><pubDate>Mon, 09 May 2016 13:45:00 GMT</pubDate></item><item><title>PA Resources has completed the transaction with Petrogas and will use the proceeds in accordance with its Reorganisation Plan</title><link>http://news.cision.com/pa-resources-ab/r/pa-resources-has-completed-the-transaction-with-petrogas-and-will-use-the-proceeds-in-accordance-wit,c9943777</link><guid isPermaLink="false">cision2155242</guid><description><![CDATA[PA Resources AB (“the company”) has completed the transaction with Petrogas E&P announced on 9 February, 2016 regarding the divestment of its portfolio of North Sea assets. The agreement is based on the sale of three entities of the group, namely PA Resources UK Limited, PA Resources North Sea Limited and PA Resources Denmark Aps which hold the company’s 24% interest in license 12/06 in Denmark as well as its exploration licenses in the UK, Germany and the Netherlands. The payment for this transaction is in tranches. PA Resources has received the first tranche and expects to receive the]]></description><pubDate>Thu, 24 Mar 2016 10:30:00 GMT</pubDate></item><item><title>PA Resources divests its North Sea assets to Petrogas</title><link>http://news.cision.com/pa-resources-ab/r/pa-resources-divests-its-north-sea-assets-to-petrogas,c9910546</link><guid isPermaLink="false">cision2105563</guid><description><![CDATA[PA Resources AB (the company) has signed an agreement to divest its portfolio of North Sea assets to Petrogas E&P. The sale includes the company’s 24% interest in license 12/06 in Denmark, which holds the Broder Tuck and Lille John discoveries, as well as its exploration licenses in the UK, Germany and the Netherlands. The transaction, which is subject to regulatory approvals, is expected to close during the first quarter of 2016.

The proceeds from the sale will be used to repay creditors in accordance with the composition plan adopted in October 2015.

Petrogas E&P is a privately held]]></description><pubDate>Tue, 09 Feb 2016 09:30:00 GMT</pubDate></item><item><title>Nasdaq Stockholm has approved PA Resources application to delist its SEK denominated bond</title><link>http://news.cision.com/pa-resources-ab/r/nasdaq-stockholm-has-approved-pa-resources-application-to-delist-its-sek-denominated-bond,c9901546</link><guid isPermaLink="false">cision2092400</guid><description><![CDATA[PA Resources has been notified that the application to delist its SEK denominated bond from Nasdaq Stockholm has been approved. The last day of trading on the exchange will be 1 February 2016.

Stockholm 25 January, 2016
PA Resources AB (publ)

For additional information, please contact:

Petter Hjertstedt, Investor Relations
Phone:   +46 8 545 211 54
E-mail:   ir@paresources.se

The above information has been made public in accordance with the Securities Market Act and/or the Financial Instruments Trading Act. The information was published at 11:15 CET 25 January 2016.]]></description><pubDate>Mon, 25 Jan 2016 10:15:00 GMT</pubDate></item><item><title>PA Resources has applied for delisting of its SEK denominated bond</title><link>http://news.cision.com/pa-resources-ab/r/pa-resources-has-applied-for-delisting-of-its-sek-denominated-bond,c9901318</link><guid isPermaLink="false">cision2091968</guid><description><![CDATA[PA Resources AB (“the company”) has submitted an application to delist its SEK denominated bond from Nasdaq Stockholm after receiving unanimous approval for the necessary changes to the bond terms and conditions from its bondholders. The approved changes to the terms and conditions have reduced the financial reporting requirements allowing the company to continue its cost saving efforts.

The company has proposed 1 February 2016 as the last day of trading on the exchange. The final trading day will, however, ultimately be determined by Nasdaq Stockholm upon approval of the application.]]></description><pubDate>Mon, 25 Jan 2016 07:00:00 GMT</pubDate></item><item><title>PA Resources announces organisational and management changes</title><link>http://news.cision.com/pa-resources-ab/r/pa-resources-announces-organisational-and-management-changes,c9890360</link><guid isPermaLink="false">cision2074999</guid><description><![CDATA[As a result of the board’s decision announced on the 17 November 2015 to sell all of PA Resources’ assets, it has decided to reduce the company’s corporate organisation in order to reduce cost. The company’s cost reduction efforts will entail several organisational and management changes.

The company’s London office, which is tasked with the management of the North Sea assets and group exploration activities, will close at the end of 2015, and all the staff relating to these activities will leave the company. The corporate headquarters in Stockholm will remain but with reduced manpower]]></description><pubDate>Mon, 28 Dec 2015 07:30:00 GMT</pubDate></item><item><title>PA Resources distributes notice of written procedure to holders of SEK denominated bond</title><link>http://news.cision.com/pa-resources-ab/r/pa-resources-distributes-notice-of-written-procedure-to-holders-of-sek-denominated-bond,c9889885</link><guid isPermaLink="false">cision2074215</guid><description><![CDATA[PA Resources AB (“the company”) has today distributed notice of written procedure to the holders of its SEK denominated bond (“SEK-bond”) regarding proposed changes to the terms and conditions to allow for delisting and reduced requirements for financial reporting.

As part of the Reorganisation Plan adopted by the creditors in October 2015, PA Resources agreed to delist its shares in order to save costs. The company has applied for delisting of its shares from the Nasdaq Stockholm exchange and the last day of trading has been set to 15 January 2016. In order to realise further savings,]]></description><pubDate>Wed, 23 Dec 2015 07:30:00 GMT</pubDate></item><item><title>Changes to PA Resources financial calendar</title><link>http://news.cision.com/pa-resources-ab/r/changes-to-pa-resources-financial-calendar,c9888161</link><guid isPermaLink="false">cision2071539</guid><description><![CDATA[PA Resources AB’s board of directors have decided to change the date for the release of its Full-Year report 2015 and Annual Report for 2015. The Full year Report for 2015 will be released the 29 February 2016 (previously 3 February 2016) and the Annual Report for 2015 will be released the 4 March 2016 (previously 29 April 2016). 

Stockholm 21 December, 2015
PA Resources AB (publ)

For additional information, please contact:

Petter Hjertstedt, Investor Relations
Phone:   +46 8 545 211 50
E-mail:   ir@paresources.se

The above information has been made public in accordance with]]></description><pubDate>Mon, 21 Dec 2015 07:40:00 GMT</pubDate></item><item><title>PA Resources expects to report a significant impairment charge in year-end report for 2015</title><link>http://news.cision.com/pa-resources-ab/r/pa-resources-expects-to-report-a-significant-impairment-charge-in-year-end-report-for-2015,c9888156</link><guid isPermaLink="false">cision2071524</guid><description><![CDATA[As announced on the 17 November 2015, PA Resources is in the process of selling its portfolio of oil and gas assets. It is now clear that in the current severely depressed market for oil and gas assets, the market value of the company’s assets is significantly lower than the book values published in the interim report for the third quarter of 2015. An estimate of the impairment charge to be included in the year-end report for 2015 will be disclosed once the final realisable values are known.

The lower than expected value of the assets will negatively impact the available cash flow for]]></description><pubDate>Mon, 21 Dec 2015 07:35:00 GMT</pubDate></item><item><title>Nasdaq Stockholm set last day of trading in the PA Resources share to 15 January 2016</title><link>http://news.cision.com/pa-resources-ab/r/nasdaq-stockholm-set-last-day-of-trading-in-the-pa-resources-share-to-15-january-2016,c9872511</link><guid isPermaLink="false">cision2047273</guid><description><![CDATA[Nasdaq Stockholm have, after receiving the application of delisting of the PA Resources share, notified the company that the last day of trading will be Friday the 15 January 2016.

Stockholm 23 November, 2015
PA Resources AB (publ)

For additional information, please contact:

Petter Hjertstedt, Investor Relations
Phone:   +46 8 545 211 54
E-mail:   ir@paresources.se

PA Resources AB (publ) is an international oil and gas group which conducts exploration, development and production of oil and gas assets. The Group operates in Tunisia, Republic of Congo (Brazzaville), United]]></description><pubDate>Mon, 23 Nov 2015 16:35:00 GMT</pubDate></item><item><title>PA Resources has submitted an application to delist its shares per 31 December 2015</title><link>http://news.cision.com/pa-resources-ab/r/pa-resources-has-submitted-an-application-to-delist-its-shares-per-31-december-2015,c9871957</link><guid isPermaLink="false">cision2046636</guid><description><![CDATA[On Friday, 20 November 2015, PA Resources submitted an application to delist its shares from the Nasdaq Stockholm exchange. The application follows the decision by the board of directors to proceed with the delisting as communicated in the press release PA Resources announces its intention to divest its assets and apply for delisting, published on the 17 November 2015.

In the application to Nasdaq Stockholm the last date for trading the share has been set to 31 December 2015. PA Resources’ commitment to its creditors to delist its shares was first announced in conjunction with the]]></description><pubDate>Mon, 23 Nov 2015 07:30:00 GMT</pubDate></item><item><title>Financial Calendar 2016</title><link>http://news.cision.com/pa-resources-ab/r/financial-calendar-2016,c9868617</link><guid isPermaLink="false">cision2041410</guid><description><![CDATA[Below follows PA Resources financial calendar for 2016.

  · Year-end report 2015 (January - December)                                                           3 February 2016
  · Annual Report 2015                                                                                             29 April 2016
  · Interim Report Q1 (January - March 2016)                                                             31 May 2016
  · Annual General Meeting 2016                                                                               31 May 2016
  · Interim Report Q2 (January - June 2016)]]></description><pubDate>Tue, 17 Nov 2015 07:40:00 GMT</pubDate></item><item><title>PA Resources CFO to leave the company</title><link>http://news.cision.com/pa-resources-ab/r/pa-resources-cfo-to-leave-the-company,c9868611</link><guid isPermaLink="false">cision2041390</guid><description><![CDATA[PA Resources CFO, Tomas Hedström, has resigned his position and will leave the company at year-end to take up a yet to be announced position at another company. Urban Adolfson, Head of Group Control and Accounting, has been appointed acting CFO effective 1 December 2015.

Stockholm 17 November, 2015
PA Resources AB (publ)

For additional information, please contact:

Petter Hjertstedt, Investor Relations
Phone:   +46 8 545 211 50
E-mail:   ir@paresources.se

PA Resources AB (publ) is an international oil and gas group which conducts exploration, development and production of oil]]></description><pubDate>Tue, 17 Nov 2015 07:35:00 GMT</pubDate></item><item><title>PA Resources announces its intention to divest its assets and apply for delisting</title><link>http://news.cision.com/pa-resources-ab/r/pa-resources-announces-its-intention-to-divest-its-assets-and-apply-for-delisting,c9868606</link><guid isPermaLink="false">cision2041374</guid><description><![CDATA[In April 2015, PA Resources AB’s board of directors initiated a review of the company’s strategic options with regards to the company’s future. The main options being explored were: the availability of long-term financing for the group, a corporate transaction/M&A or a sale of assets or subsidiaries. An internal project office was set up to run the process and the necessary documentation and materials in the form of investment memorandums, presentations and virtual data rooms were prepared. During the process a significant number of companies have been contacted which includes financial]]></description><pubDate>Tue, 17 Nov 2015 07:30:00 GMT</pubDate></item><item><title>Announcement from Extraordinary General Meeting (second control meeting) in PA Resources AB on 27 October 2015</title><link>http://news.cision.com/pa-resources-ab/r/announcement-from-extraordinary-general-meeting--second-control-meeting--in-pa-resources-ab-on-27-oc,c9855400</link><guid isPermaLink="false">cision2019990</guid><description><![CDATA[PA Resources AB (publ) held an extraordinary general meeting (second control meeting) on 27 October 2015 in Stockholm. What follows is a summary of the resolutions passed. The proposals are available in full on the company’s website www.paresources.se.

Determination whether the company is to go into liquidation (second control meeting)

The board of the company has prepared a second balance sheet for liquidation purposes which shows that the company's registered share capital has been restored. The general meeting resolved that the company must not go into liquidation with the result]]></description><pubDate>Tue, 27 Oct 2015 10:36:53 GMT</pubDate></item><item><title>PA Resources board of directors approves balance sheet for liquidation purposes</title><link>http://news.cision.com/pa-resources-ab/r/pa-resources-board-of-directors-approves-balance-sheet-for-liquidation-purposes,c9854509</link><guid isPermaLink="false">cision2018502</guid><description><![CDATA[PA Resources AB’s board of directors have approved a balance sheet for liquidation purposes to be presented at the extra general meeting (second meeting for liquidation purposes) to be held in Stockholm 27 October 2015. The balance sheet, based on the company’s financial position at the end of the third quarter 2015 without adjustment, will show that PA Resources AB has an equity of SEK 38 million which is in excess of the SEK 11 million in registered share capital and as a result will not be forced into mandatory liquidation.

Stockholm 26 October, 2015
PA Resources AB (publ)

For]]></description><pubDate>Mon, 26 Oct 2015 07:45:00 GMT</pubDate></item><item><title>Interim Report 1 January – 30 September 2015</title><link>http://news.cision.com/pa-resources-ab/r/interim-report-1-january---30-september-2015,c9854431</link><guid isPermaLink="false">cision2018456</guid><description><![CDATA[FIRST NINE MONTHS

  · Group revenue totalled SEK 210 million (515)
  · EBITDA was SEK 454 million (327)
  · Profit for the period was SEK 829 million (-212)
  · Earnings per share were SEK 7.32 (-1.87)
  · Profit for the period was impacted by non-recurring items of SEK 1,093 million (0)

THIRD QUARTER

  · Group revenue totalled SEK 29 million (155)
  · EBITDA was SEK 3 million (104)
  · Profit for the period was SEK 609 million (-138)
  · Earnings per share were SEK 5.38 (-1.22)
  · Profit for the period was impacted by non-recurring items of SEK 630 million (0)

KEY]]></description><pubDate>Mon, 26 Oct 2015 07:30:00 GMT</pubDate></item><item><title>The Nomination committee’s proposal regarding Board election to the Extraordinary General Meeting in PA Resources</title><link>http://news.cision.com/pa-resources-ab/r/the-nomination-committee-s-proposal-regarding-board-election-to-the-extraordinary-general-meeting-in,c9854089</link><guid isPermaLink="false">cision2017764</guid><description><![CDATA[The Nomination Committee of PA Resources AB (publ) proposes the following withas regards to Board election to the company’s Extraordinary General Meeting, which will be held on 27 October 2015.

The Nomination Committee of PA Resources AB, which was established according to the principles adopted at the Annual General Meeting 2014, consists of Christina Hadjigeorgiou representing the shareholder Gunvor Group Ltd Mats Nilstoft representing the shareholder Villefranche S.a.r.l., Garrett Soden, representing the shareholder Lorito Holdings Ltd and Paul Waern, the Chairman of the Board.

In]]></description><pubDate>Fri, 23 Oct 2015 15:31:00 GMT</pubDate></item><item><title>The Stockholm District Court adopts the composition plan and approves PA Resources’ request for termination of the corporate reorganisation</title><link>http://news.cision.com/pa-resources-ab/r/the-stockholm-district-court-adopts-the-composition-plan-and-approves-pa-resources--request-for-term,c9841138</link><guid isPermaLink="false">cision1997014</guid><description><![CDATA[At today’s composition proceedings at the Stockholm District Court a qualified majority of the creditors chose to support the proposed composition plan put forward by PÅ Resources AB (“the company”) and the administrator whereby the court could adopt the composition proposal. The court’s decision will become final and binding on the 24 October 2015.

In conjunction with the court’s decision the company chose to submit a request for termination of the corporate reorganisation on the grounds that the purpose of the corporate reorganisation has been fulfilled through the adoption of the]]></description><pubDate>Fri, 02 Oct 2015 13:20:00 GMT</pubDate></item><item><title>PA Resources bondholders approve the reorganisation plan</title><link>http://news.cision.com/pa-resources-ab/r/pa-resources-bondholders-approve-the-reorganisation-plan,c9838693</link><guid isPermaLink="false">cision1993481</guid><description><![CDATA[Holders of PA Resources AB’s (“the company”) SEK- and NOK-denominated bonds (the “SEK-bond” and “NOK-bond” respectively) have today in the form of a written procedure, for the SEK-bond, and a bondholders meeting, for the NOK-bond, (collectively referred to as the “bondholders’ meetings”) approved the changes to the bonds’ terms and conditions which makes up the basis of the proposed reorganisation plan as put forward by the company and the administrator and published on the 9 September 2015. The result of the bondholders’ meetings is binding to all holders of the respective bonds. On the 2]]></description><pubDate>Tue, 29 Sep 2015 15:45:00 GMT</pubDate></item><item><title>NOTICE TO EXTRAORDINARY GENERAL MEETING IN PA RESOURCES (SECOND MEETING FOR LIQUIDATION PURPOSES)</title><link>http://news.cision.com/pa-resources-ab/r/notice-to-extraordinary-general-meeting-in-pa-resources--second-meeting-for-liquidation-purposes-,c9836561</link><guid isPermaLink="false">cision1990543</guid><description><![CDATA[PA Resources AB’s board of directors has resolved to convene an extraordinary general meeting (“EGM”) and second meeting for liquidation purposes on the 27 October 2015. Aside from proposals that arise from the meeting being the second meeting for liquidation purposes the board has put forward proposals regarding, amongst other things, approval ex post of agreements and arrangements made during the period of the corporate reorganisation, approval of future arrangements for the delisting of the share and of the management incentive programme as well as reduction of the share capital and]]></description><pubDate>Fri, 25 Sep 2015 06:50:00 GMT</pubDate></item><item><title>PA Resources has filed a petition to extend the corporate reorganisation</title><link>http://news.cision.com/pa-resources-ab/r/pa-resources-has-filed-a-petition-to-extend-the-corporate-reorganisation,c9832479</link><guid isPermaLink="false">cision1983835</guid><description><![CDATA[PA Resources AB (“the Company”) has today filed a petition with the Stockholm District Court to extend the corporate reorganisation with a further three months.

The company filed for corporate reorganisation on the 26 March 2015. Following a decision by the District Court on the 9 July 2015 the corporate reorganisation was extended until the 28 September 2015. The 9 September 2015 the company filed a request for a composition proceedings with the court, following which the court on the 10 September 2015 decided a creditors’ meeting under composition proceedings is to be held on the 2]]></description><pubDate>Thu, 17 Sep 2015 14:00:00 GMT</pubDate></item><item><title>PA Resources distributes summons to bondholders meetings on 29 September 2015 to respond to proposed composition plan</title><link>http://news.cision.com/pa-resources-ab/r/pa-resources-distributes-summons-to-bondholders-meetings-on-29-september-2015-to-respond-to-proposed,c9831969</link><guid isPermaLink="false">cision1983075</guid><description><![CDATA[PA Resources AB (“the company”) is since the 26 March 2015 under corporate reorganisation (see press release dated 27 March 2015). On the 9 September 2015 the company published its Reorganisation Plan including a proposed Composition Plan as prepared by the company and the administrator, lawyer Lars Söderqvist. The same day the company also submitted a request for composition proceedings to the Stockholm District Court which was approved and the date for the proceedings was set to 2 October 2015.

Under the proposed Composition Plan the holders of the SEK- and NOK-denominated bonds (“SEK-]]></description><pubDate>Thu, 17 Sep 2015 06:30:00 GMT</pubDate></item><item><title>Clarification of the treatment of bondholders under the proposed composition plan</title><link>http://news.cision.com/pa-resources-ab/r/clarification-of-the-treatment-of-bondholders-under-the-proposed-composition-plan,c9830197</link><guid isPermaLink="false">cision1979958</guid><description><![CDATA[In the proposed composition plan presented on the 9 September 2015 by PA Resources AB (“the company”) and the administrator, lawyer Lars Söderqvist, the company’s creditors have been split into different groups with regards to repayment. What follows below is a clarification of how the holders of the SEK- and NOK-bonds will be treated under the proposal. The full Reorganisation Plan is available on the company website at www.paresources.se.

The holders of the SEK- and NOK-bonds are treated collectively and are included in the group of creditors which have agreed to accept repayment over]]></description><pubDate>Mon, 14 Sep 2015 15:36:20 GMT</pubDate></item></channel></rss>